🔥 ATOM Massive Channel: Ideal Reversal Point SoonATOM has been trading inside this massive bullish channel since the Corona sell-off early in 2020.
With the crypto markets turning more bearish by the day, there's a decent chance that ATOM will reach the area around the channel's support in the coming days/week. See yellow area.
This area would be ideal for a potential reversal trade with a high expected return. However, keep a close eye on Bitcoin. As long as BTC is bearish, expect ATOM's price to fall right through the channel.
Happy trading!
ATOM-USDT
ATOMATOM currency is trying to cross the intersection of its dynamic and static resistance. And after crossing this resistance range, and hitting a possible pullback, it is possible to start moving towards the above targets.
Friends, this signal is not a buy or sell, and it is just a personal analysis, so before taking any position, check yourself and do not forget the loss limit.
ATOMUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
We are in a daily time frame.
As you can see, the price is fluctuating close to our support line, and now it has been able to support the price.
We expect the price to move towards our resistance and if it stabilizes above the line, it can jump well.
Warning: This is just a suggestion and we do not guarantee profits. We advise you analyze the chart before opening any position.
Wish you luck
ATOMUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
We are in a 4-hour time frame.
As you see, after leaving the flag, the price has started to move towards our specified support line and is supported, and has started to move up again.
Currently, the price has tried several times to penetrate its channel but has not succeeded. We expect the price to reach its first resistance, and if it breaks and stabilizes above the line, and enters the channel, it can move up to the channel top.
But after touching the resistance line, we may see a drop to the specified support line.
Warning: This is just a suggestion and we do not guarantee profits. We advise you analyze the chart before opening any position.
Wish you luck
ATOMUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
We are in a 4-hour time frame.
As you see, the price is fluctuating inside a bullish channel. We expect the price to be supported by the channel bottom line and move towards our target.
But if the price drops under the channel bottom line and stabilizes, we expect more drops.
Warning: This is just a suggestion and we do not guarantee profits. We advise you analyze the chart before opening any position.
Wish you luck
🔥 ATOM Short Term Channel TradeATOM has seen some nice bullish price action as of late, obviously helped a great hand by Bitcoin.
Over the last couple of days, a channel pattern has emerged on this token's chart. This analysis assumes that ATOM will follow said pattern in the near term, meaning that ATOM will see a minor bearish move before continuing its path upwards.
Always keep an eye on BTC when trading alts, since they're all correlated to BTC.
Happy trading!
🔥 ATOM Strong Price ActionAfter bouncing from the lower support recently, ATOM has seen some very strong returns. BTC's outlook is looking good for this week, so I'm confident that assets like ATOM will see some strong returns in the coming days.
A good potential exit would be the upper resistance drawn on the chart.
Happy trading!
🔥 ATOM Bouncing From SupportATOM has been following this support line for almost a month now. Couple hours ago, ATOM bounced off said support again. Since a lot of cryptos are seeing strong returns at this moment, I reckon that ATOM will follow suit very soon.
Before entering this trade wait for the price to above the Entry line. Higher time frames yield a higher predictive power.
On the chart I’ve marked two potential areas of resistance, R1 and R2. These areas are based recent highs. Do your own due diligence.
Happy trading!
💡 Don't miss the great buy opportunity in ATOMUSDT Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (15.6). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. COSMOS/USDT ATOMUSDT is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 66.
Take Profits:
TP1= @ 17.00
TP2= @ 18.00
TP3= @ 19.00
TP4= @ 20.50
TP5= @ 22.30
SL= Break below S2
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ATOM/USDT Bounce From Trend Line: BullishATOM/USDT has been following the drawn trend line for more than half a year now, bouncing sharply every time the trend line has been hit. I think that this bounce will launch the price to previous highs.
Consider Resistance 1 and Resistance 2 as major areas of selling pressure, be careful with your long position around there.